Can XRP Price Come Back Stronger After 20% Weekly Losses?
XRP has crashed by more than 20% on the weekly timeframe.
Santiment says that there are currently 221 addresses holding between 10 million and 1 billion XRP and that these addresses now hold a combined 16.13B tokens worth $8.71B.
XRP is currently under the $0.5 resistance and its 200-day EMA.
The 200-day EMA is one of the most powerful moving averages on any chart and can prove quite difficult to break.
Ripple is down by more than 50% from its $0.96 post-victory high.
According to the blockchain analytics platform, Santiment, XRP may be showing some pretty impressive recovery patterns